80 Pickett District Rd - Manufacturing FOR SALE


New Milford, CT 06776
$6,750,000 USD
203-733-1290
80 Pickett District Rd, New Milford, CT for Sale
$6,750,000 USD
Manufacturing - FOR SALE
1/20
null | Request Cap Rate

80 Pickett District Rd
New Milford, CT 06776


HIGHLIGHTS

  • For Sale at $6,750,000 or Lease at $10.75 s.f. Modified Gross
  • 63,267 s.f. Industrial Building - Built in 1956 - 8 Acres
  • Per Forma NOI for 2024 - $463,760 - Taxes of $40,877 - Expenses of $3.00 s.f.
  • Excellent business environment in the Town of New Milford
  • 40-60M s.f. of possible expansion - Water / Gas / Septic - Level Site
  • Call J. Michael Struna or Chris Cosio at 203-798-9345 to discuss your investment requirements

OVERVIEW

Exciting New Industrial Opportunity in New Milford! Discover a versatile 63,267 sq. ft. industrial space, newly available for lease starting September 1, 2024. This prime facility, formerly occupied by Edelman Leather Company, offers exceptional flexibility for businesses seeking a strategic location with room to grow. Situated just off Route 7 on Pickett District Road in New Milford, this property boasts excellent accessibility, being only 12 miles from I-84. The 8-acre site, zoned RI (Restricted Industrial), provides ample space for operations and future expansion, with potential for an additional 40,000-60,000 sq. ft. Built in 1956 and recently updated in 2024, this 63,267 sq. ft. building (including a 3,000 sq. ft. mezzanine) features full HVAC, making it ideal for various industrial uses. The facility offers 17'-18' ceiling heights, multiple bathrooms, a cafeteria, executive offices, bullpen areas, a showroom, and a central reception area. For businesses seeking smaller spaces, the ownership is planning to subdivide the building into six industrial suites, ranging from 7,400 sq. ft. to 15,700 sq. ft. Each suite will have loading dock or drive-in door access, with some featuring office space and HVAC. The property boasts excellent logistics capabilities with five loading docks, two indoor drive-in doors, and a spacious truck handling area. Ample on-site paved parking accommodates fleet vehicles, trucks, and employee cars. Leasing is available at an aggressive rate of $10.75 per sq. ft. (Gross) in this tight industrial market. The facility is equipped with metered electric, city water, septic system, 277/480 volt power, and sprinklers. Conveniently located near Danbury, New Milford, Brookfield, Roxbury, Bridgewater, and Kent, this property offers easy access to restaurants and city services. Don't miss this opportunity to secure prime industrial space tailored to your needs. Contact Mike Struna at 203-733-1290 or Chris Cosio at 203-524-8635 today to discuss your industrial warehousing requirements and schedule a viewing.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Edelman Leather Company

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

UTILITIES

Gas - Propane, Water - City, Sewer - Septic Field

CLEAR CEILING HT

17 Ft

DOCKS

5

DRIVE INS

2

PARKING SPACES

100

LAND DETAILS

LAND ACRES

8

LAND SF

348,480

ZONING

RI

APN/PARCEL ID

NMIL-000018-000004-000038

ASK ABOUT THIS PROPERTY

J. Michael StrunaAdvantage Realty CommercialMore Info
203-733-1290

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J. Michael StrunaAdvantage Realty CommercialMore Info
203-733-1290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.